
About Il Houng Lee
Il Houng Lee is President of the Korea Institute for International Economic Policy. He spent most of his career at the International Monetary Fund after joining the institution through the Economist Program in 1989. He has a BSc in economics from the London School of Economics, and a PhD in economics from Warwick University. He taught economics at Warwick University, and at the National Economics University in Hanoi, and is also a visiting professor at Jilin University, PRC.Use of national currencies for trade settlement in East Asia: A proposal

Financial cooperation and integration in East Asia has been languishing for almost a decade. But ASEAN, the People’s Republic of China (PRC), Japan, and the Republic of Korea (henceforth, Korea), or ASEAN+3, have been more successful in promoting free trade in East Asia by establishing a number of bilateral and plurilateral free trade agreements (FTAs) with countries in the region and outside the region.


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Recent Posts
- Facing the Heat: Addressing the Health Impacts of Extreme Temperatures
- Harnessing Energy Transition to Power Rural Development and Female Empowerment
- The Promise and Perils of Mother Tongue-Based Education
- From Crisis to Resilience: The Evolution of the Banking Sector in Asia and the Pacific
- Tariffs on the Table: What Could Be Asia’s Next Move?
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